|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||32.90 - 32.90|
|52 Week Range||26.15 - 34.88|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||17.03|
|Forward Dividend & Yield||1.28 (4.06%)|
|1y Target Est||N/A|
Logistics giant Deutsche Post DHL Group announced its new five-year group strategy where it has set aside €2 billion ($2.178 billion) for investing in the end-to-end digitalization of its logistics operations. "Deutsche Post DHL Group has never been in better shape. The DHL Group consists of five distinct and diversified logistics portfolios that include Post & Parcel Germany (P&P), Express, Global Forwarding, Freight (DGFF), Supply Chain and eCommerce Solutions.
Deutsche Post DHL set a new target for an operating profit of 5.3 billion euros ($5.77 billion) for 2022 and said it would invest heavily in areas like warehouse automation and analytics as it seeks to keep up with fast-growing ecommerce. The German post and logistics group has been trying to boost profits by restructuring and hiking prices after missing targets in 2018, allowing it to lift its forecast for 2019 in August despite global trade tensions. While letter shipments are in long-term decline, Deutsche Post has enjoyed a boom in parcel volumes thanks to the rapid growth of ecommerce, but costs have risen due to a tight labor market and higher German tolls on trucks.
Twice a day thousands of people rush over the Spanish frontier under the shadow of the rock of Gibraltar : cleaners, architects, office staff for online gaming firms and parents holding their children’s ...
Deutsche Post DHL will hike parcel prices next year for business customers with individually agreed conditions due to rises in transport and labor costs, the German logistics group said on Thursday. The partly state-owned company hit business customers who pay list prices with higher rates earlier this year, helping it to lift guidance for full-year operating profit. Deutsche Post DHL announced in March it would invest an extra 150 million euros ($166 million) a year in staff, automation and infrastructure as it seeks to keep pace with rising parcel volumes due to booming ecommerce.
The German cabinet approved a draft law on Wednesday to force logistics and ecommerce companies that outsource deliveries to ensure that their subcontractors pay proper social security contributions for their drivers. The legislation was proposed after police launched nationwide raids on subcontracting delivery firms in February and uncovered numerous cases of social security fraud and drivers working off the books. Wages are being pushed down and social insurance contributions are not being made and we won't put up with this any longer," Labour Minister Hubertus Heil told journalists.
If things break right for express and logistics giant Deutsche Post DHL (DPDHL), many of the products and services it rolls out across the Americas over the next 50 years will spring from the building that opened September 12 in the Chicago suburb of Rosemont, Illinois. The company's Americas Innovation Center will join similar complexes in Cologne, Germany and in Singapore, effectively closing the geographic loop over the company's innovation activities.
Deutsche Post (DP) has committed €500 million ($552 million) to the production of light cargo electric vehicles and micro e-mobility units. DP subsidiary StreetScooter and Chinese automobile manufacturer Chery Holding Group signed a memorandum of understanding (MoU) Sept. 6 to begin production, sourcing and development of last-mile electric light commercial vehicles (eLCV) in China. Mass production is scheduled to begin in 2021 with production capacities of up to 100,000 electric vehicles per year.
Deutsche Post has received expressions of interest from potential partners for StreetScooter, its electric van business, board member Tobias Meyer said on Friday. "We see broad interest along the entire value chain," Meyer said, adding that Deutsche Post was in contact with car parts makers, electric vehicle manufacturers and operators. The German postal services group has produced 10,000 ScreetScooters but is shying away from making large investments in StreetScooter or taking on risks tied to large-scale vehicle production.
Moody's Investors Service ("Moody's") has upgraded the rating of one class of Notes and affirmed three classes of Notes issued by Taurus 2016-2 DEU DAC. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
Deutsche Post DHL will no longer deliver fresh food in Germany for Amazon as the market for food ecommerce has been disappointing, a spokeswoman said on Wednesday. Selling food is a key part of the strategy of the world's top online retailer, especially since it bought the U.S. chain Whole Foods in 2017, but its Fresh service, launched in 2007 in Seattle, has grown much slower than the rest of the business. A spokeswoman confirmed a report in Germany's Lebensmittel Zeitung trade publication that DHL was ending its cooperation with Amazon Fresh, launched in Germany in 2017, adding the rest of its business with Amazon was unaffected.
German postal, transport and logistics giant Deutsche Post DHL Group (DPDHL) posted a 3 percent second-quarter revenue gain to EUR $15.4 billion (US$17.3 billion), with a 2.9 percent rise in operating ...
Deutsche Post DHL said on Tuesday it expects restructuring measures and increases in German postage and parcel prices to lift earnings in the second half of 2019, despite rising global trade tensions. The partly state-owned German post and logistics group said full-year operating profit should rise to between 4.0 billion and 4.3 billion euros, up from a previous estimate of between 3.9 billion and 4.3 billion euros, due to higher expectations for its German Post & Parcel (P&P) division. It also confirmed its guidance for full-year operating profit to reach more than 5 billion euros in 2020, something finance chief Melanie Kreis said the company wants to reach without one-off effects.
Freight forwarder Deutsche Post DHL CEO Frank Appel spoke to a German regional newspaper, mentioning that the company plans to provide its customers near-exact delivery time forecasts by email in advance. Appel stated that DHL has always sought to enhance its quality of delivery, which he said has improved significantly over the years.
German food retail chain Lidl has announced a cooperative agreement with Deutsche Post DHL Group to add 500 DHL Packstations to Lidl stores this year in an attempt to fuse shopping between offline retail purchases and online ecommerce. "The partnership will benefit all sides, and especially our customers, as 500 more DHL Packstations are being built in easy-to-reach, attractive locations, and the new Packstations are an important part of the promise we've made to our customers for further enhanced service quality," said Martin Linde, sales manager of the German Mail and parcel division of the Deutsche Post DHL Group.
Deutsche Post confirmed its profit forecast on Friday after first-quarter earnings jumped 28 percent, boosted by a supply chain partnership in China. The German post and logistics group reported a 4.1% increase in first-quarter sales to 15.4 billion euros (13.3 billion pounds), while operating profit came in at 1.2 billion euros, in line with the average forecast in a Reuters poll. The company, which is partly state-owned, has enjoyed a boom in volumes thanks to the rapid growth in parcel shipments by online retailers such as Amazon.com and Zalando, but price increases have not kept pace with its costs.